Kinross Gold Balance Sheet Health

Financial Health criteria checks 5/6

Kinross Gold has a total shareholder equity of $6.3B and total debt of $2.2B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $10.6B and $4.3B respectively. Kinross Gold's EBIT is $812.6M making its interest coverage ratio 30.2. It has cash and short-term investments of $423.3M.

Key information

35.6%

Debt to equity ratio

US$2.23b

Debt

Interest coverage ratio30.2x
CashUS$423.30m
EquityUS$6.27b
Total liabilitiesUS$4.28b
Total assetsUS$10.55b

Recent financial health updates

Recent updates

Is Kinross Gold (TSE:K) Using Too Much Debt?

May 21
Is Kinross Gold (TSE:K) Using Too Much Debt?

It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year

May 02
It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year

Kinross Gold Corporation's (TSE:K) Shares Bounce 28% But Its Business Still Trails The Industry

Mar 29
Kinross Gold Corporation's (TSE:K) Shares Bounce 28% But Its Business Still Trails The Industry

Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly

Feb 13
Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly

Estimating The Fair Value Of Kinross Gold Corporation (TSE:K)

Jan 29
Estimating The Fair Value Of Kinross Gold Corporation (TSE:K)

Unpleasant Surprises Could Be In Store For Kinross Gold Corporation's (TSE:K) Shares

Dec 29
Unpleasant Surprises Could Be In Store For Kinross Gold Corporation's (TSE:K) Shares

Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly

Nov 07
Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly

A Look At The Fair Value Of Kinross Gold Corporation (TSE:K)

Aug 13
A Look At The Fair Value Of Kinross Gold Corporation (TSE:K)

Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet

Jul 23
Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet

Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)

Apr 12
Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)

Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?

Mar 19
Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?

Is Kinross Gold (TSE:K) A Risky Investment?

Nov 25
Is Kinross Gold (TSE:K) A Risky Investment?

Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)

Oct 17
Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)

We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt

Aug 09
We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt

Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)

Jul 13
Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)

Financial Position Analysis

Short Term Liabilities: K's short term assets ($1.8B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: K's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: K's net debt to equity ratio (28.9%) is considered satisfactory.

Reducing Debt: K's debt to equity ratio has reduced from 40.6% to 35.6% over the past 5 years.

Debt Coverage: K's debt is well covered by operating cash flow (77%).

Interest Coverage: K's interest payments on its debt are well covered by EBIT (30.2x coverage).


Balance Sheet


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